Market players are probably taking profit in gold to offset losses in other markets, so they are closing the previous buy positions in XAU/USD.
Daily Market Analysis
AUD is on a downswing against the USD. It reached the Spring-2009 lows. Will it continue the same direction?
NZD seems to be in an equal fight against the JPY. What stands behind that?
Have a look at this rising curve. You think it's Tesla? No; palladium.
The Bank of Mexico recently reduced the interest rate. The MXN gained against the USD. Isn't it strange?
Against the British pound, the euro is definitely not doing well this Friday. What's going on?
EUR is having hard times. Against the USD, it drops to the levels of spring-2017. Reasons?
USD/BRL has been rising and is likely to do so in the observable future. What are the reasons for it and the technical levels to look at?
AUD is a very interesting currency among the major ones. What are its most useful peculiarities?
IBM stock price gives interesting signs. Does it favor a bullish stance?
Major corporations are reporting their earnings during the coming week. How should we trade their stock?
The slingshot strategy is a good way to trade EUR/USD on the ECB meetings. Learn more!